The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-02-26

kept secret. The purchase covers the
entire town Of Annistown, which con-
tains about six thousand inhabitants,
together with mineral lands and iron
furnaces. The town and the land cover
twenty-eight hundred acres and cost 49,
600, 900, and the furnaces and land cost
s., 600, 900 more, making total invest
nent Of $6,OOO,OOO. Two companies
were formed by this syndicate: one
under the name Of the Annistown Com
pany, for real estate purpose; the other
for working the iron furnaces, with which
some 0,0OO acres Of mineral lands were
secured. The sum Of 81 800, 900 has al
ready been paid on il. Annistown il on
the East Tennessee, Virginia & Georgia
railroad, fifty miles from Birmingham
Iron Trade Review.
The Podmok Iron Mining Co, was or
gained in this city yesterday and the
articles Of incorporation win be- fled with
the secretary OF state forthwith. Them
corporators are, A. Austrian, +. j. Gil
bert, A. Justified, Crystal Falls Otto L.
Rieble, Iron River; John III. Bartlc,
Prince Arthur's Landing The incorpor-
ators also constitute the board Of di-
rectors. The officers are, A. Austrian,
president; Otto +. Rieble, vice-prcsident;
T.. j. Gilbert, secretary and treasurer.
The compauy's workings are on the south
onc-half OF the southeast one-qnarter OF
section eight, township iorty-seven, range
twenty-six, about two miles from Ncgau-
nee and situated between the Star and
Heineman & Foley mines. At present,
test pitting is the chief work They have
got the ledge and will ascertain, il posi-
BILE, it, greatness, when working shafts viii
DE lowered and hosting commenced.
The farther down VIM. James goes with
his test pit east oil the Kimball mine, the
better is the prospect OF finding a mine.
Mr.. James has an opinion that he viii
only have to 90 down few more feet
when he will penetrate the continuation
81 the kimball VEIN LATER Report
came in yesterday that Mr.. James had
uncovered the ledge OF orc and DiA-
MoND Dull reporter FASTENED out TO
see il II was true and found it Go I've az
stated. A pit il down thirty-two feet.
The stripping il about eighteen feet, cap
rock, twelve and the remaining two feet
are in lean ore, identical with that taken
from the top Of the ledge at the Kinlball.
81 am not going Co lose my head, how.
ever" said MIR. James, 81 have been de.
cieved too many times before, but am
quite confident that have got the ore
in place"
The Gogebic Mining Record, OF Iron.
wood, Mich, has this TO say OF Captain
James Tobin, who Is well known and
has many friends ON this Range: cap
tain James Tobin, the fast rising Marcn.
isco iron king was in Milwaukee the Tor,
part OF the week making deals Of a min
ing nature, fattering to himself as wei
as the range he represents. Standing in
the lobby of one Of AIlwaukee's lcadin,
hotels last Sunday, we heard n prom
incnt iron manly no means tender
foot'-say: Il am positive Tobin has
struck something wonderful in the sun
day lake belt, and / hope he will fine
everyone connected with him, asanxiou'
and determined Go show it up as he h
personally"
''ls the Kimball mine any good, write,
a Doubling Thomas" from Milwaukee
10 the editor Of this journal. II II pre-
stunned that the gentleman would like t.
buy a block OF stock in the mine, but Is
skeptical and is feeling around before
he invests. Come up this way and Sc,
for yourself and then You will know
whether the "Kimball mine Is any good,
or not, and can tell your friends. Til,
writer has been ON the i,auge since il wa,
first opened and has seen u great many
new mines, but can truthiully say that
the Kimball looks the best and has better
prospects than any young property h,
has heretofore Inspected The RIGHT sort
Of men has The handling OF this mine.
Besides having hand in several iror
properties here, ann also interested in d
gold mine which assays from 1921 20 81:
per ton, and IL is not very great dis
lance from Crystal Fail either" said d
|, reliable capitalist TO DIAMOND DRILL
) representative the other day. IL is wei
known that much gold beaiingrock exist,
in this locality, but has not yet bcenf omt